BFRZ vs PHEQ
Comparison between Innovator Equity Managed 100 Buffer ETF (BFRZ, ETF) and PARAMETRIC HEDGED EQUITY ETF (PHEQ, ETF).
BFRZ vs PHEQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BFRZ
$138M
Winner
PHEQ
$138M
Expense Ratio
BFRZ
0.89%
Winner
PHEQ
0.29%
Max Drawdown
Winner
BFRZ
3.12%
PHEQ
12.74%
Sharpe Ratio
BFRZ
0.48
Winner
PHEQ
1.67
5Y Beta
Winner
BFRZ
0.33
PHEQ
0.53
P/E Ratio
BFRZ
29.30
Winner
PHEQ
28.16
Forward P/E
Winner
BFRZ
21.34
PHEQ
21.52
5Y EPS CAGR
Winner
BFRZ
26.48%
PHEQ
24.91%
Debt to Equity
Winner
BFRZ
12.14%
PHEQ
43.74%
P/S Ratio
BFRZ
3.73
Winner
PHEQ
3.37
P/B Ratio
BFRZ
5.73
Winner
PHEQ
5.39
BFRZ vs PHEQ - Holdings Comparison
BFRZ and PHEQ have 125 common holdings. Overlap is 72.09%
BFRZ's top 25 holdings weight is 57.44%. PHEQ's top 25 holdings weight is 53.61%.
| Rank | BFRZ | PHEQ |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.08% | NVIDIA CORP (NVDA) - 7.31% |
| #2 | APPLE INC (AAPL) - 7.15% | APPLE INC (AAPL) - 6.70% |
| #3 | MICROSOFT CORP (MSFT) - 4.93% | MICROSOFT CORP (MSFT) - 4.74% |
| #4 | AMAZON.COM INC (AMZN) - 3.96% | AMAZON.COM INC (AMZN) - 3.67% |
| #5 | BROADCOM INC (AVGO) - 3.60% | ALPHABET INC CLASS A (GOOGL) - 3.15% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 3.32% | ALPHABET INC CLASS C (GOOG) - 2.73% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.76% | BROADCOM INC (AVGO) - 2.61% |
| #8 | MICRON TECHNOLOGY INC (MU) - 2.18% | META PLATFORMS INC CLASS A (META) - 2.20% |
| #9 | META PLATFORMS INC CLASS A (META) - 2.07% | TESLA INC (TSLA) - 1.78% |
| #10 | TESLA INC (TSLA) - 2.07% | EXXON MOBIL CORP (XOM) - 1.70% |
| #11 | ELI LILLY AND CO (LLY) - 1.56% | JPMORGAN CHASE & CO (JPM) - 1.64% |
| #12 | JPMORGAN CHASE & CO (JPM) - 1.50% | ELI LILLY AND CO (LLY) - 1.58% |
| #13 | OPTION ON S&P 500 (n/a) - 1.49% | JOHNSON & JOHNSON (JNJ) - 1.48% |
| #14 | ADVANCED MICRO DEVICES INC (AMD) - 1.49% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.36% |
| #15 | CISCO SYSTEMS INC (CSCO) - 1.18% | WALMART INC (WMT) - 1.27% |
| #16 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.17% | VISA INC CLASS A (V) - 1.11% |
| #17 | EXXON MOBIL CORP (XOM) - 1.15% | COSTCO WHOLESALE CORP (COST) - 1.04% |
| #18 | CATERPILLAR INC (CAT) - 1.07% | CISCO SYSTEMS INC (CSCO) - 1.00% |
| #19 | OPTION ON S&P 500 INDEX (n/a) - 1.05% | PUT ON S&P 500 MAR27 (n/a) - 1.00% |
| #20 | JOHNSON & JOHNSON (JNJ) - 1.03% | CHEVRON CORP (CVX) - 0.99% |
| #21 | VISA INC CLASS A (V) - 1.02% | MASTERCARD INC CLASS A (MA) - 0.94% |
| #22 | INTEL CORP (INTC) - 0.97% | PUT ON S&P 500 DEC26 (n/a) - 0.92% |
| #23 | WALMART INC (WMT) - 0.95% | ABBVIE INC (ABBV) - 0.91% |
| #24 | COSTCO WHOLESALE CORP (COST) - 0.86% | NETFLIX INC (NFLX) - 0.90% |
| #25 | KLA CORP (KLAC) - 0.83% | MERCK & CO INC (MRK) - 0.88% |
| Total Holdings | 187 | 212 |
BFRZ vs PHEQ - Historical Returns
Returns include dividend reinvestment.
1M
BFRZ
+0.46%
Winner
PHEQ
+0.76%
3M
BFRZ
+0.78%
Winner
PHEQ
+6.89%
6M
BFRZ
+0.42%
Winner
PHEQ
+5.64%
1Y
BFRZ
+6.24%
Winner
PHEQ
+14.75%
Max(CAGR)
BFRZ
+7.13%
Winner
PHEQ
+15.08%
BFRZ vs PHEQ - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | BFRZ | PHEQ |
|---|---|---|
| 2026 | +0.30% | +4.96% |
| 2025 | +7.39% | +11.81% |
| 2024 | N/A | +15.16% |
| 2023 | N/A | +7.19% |
BFRZ vs PHEQ Drawdown Comparison
The maximum drawdown for BFRZ was -3.12%, occurring on Mar 30, 2026. Recovery took 73 trading sessions.
The maximum drawdown for PHEQ was -12.55%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The current BFRZ drawdown is -1.58%. The current PHEQ drawdown is -0.55%.
| Rank | BFRZ | PHEQ |
|---|---|---|
| #1 | -3.12% Feb 9, 2026 - May 26, 2026 | -12.55% Feb 19, 2025 - Jun 26, 2025 |
| #2 | -2.67% Nov 3, 2025 - Jan 9, 2026 | -4.26% Jan 12, 2026 - Apr 13, 2026 |
| #3 | -2.58% Jun 2, 2026 - Jun 10, 2026 | -4.11% Jul 10, 2024 - Aug 19, 2024 |
| #4 | -1.39% Oct 8, 2025 - Oct 23, 2025 | -2.60% Oct 19, 2023 - Nov 2, 2023 |
| #5 | -1.29% Jan 15, 2026 - Feb 9, 2026 | -2.14% Nov 11, 2025 - Nov 28, 2025 |
| #6 | -0.83% Jul 28, 2025 - Aug 6, 2025 | -1.74% Mar 28, 2024 - May 6, 2024 |
| #7 | -0.62% Aug 28, 2025 - Sep 5, 2025 | -1.70% Aug 29, 2024 - Sep 12, 2024 |
| #8 | -0.53% Sep 22, 2025 - Sep 29, 2025 | -1.70% Dec 26, 2024 - Jan 17, 2025 |
| #9 | -0.52% Aug 15, 2025 - Aug 22, 2025 | -1.41% Oct 8, 2025 - Oct 20, 2025 |
| #10 | -0.34% Jun 23, 2025 - Jul 7, 2025 | -1.37% Dec 6, 2024 - Dec 24, 2024 |
| #11 | -0.23% Aug 6, 2025 - Aug 8, 2025 | -1.30% Jul 28, 2025 - Aug 12, 2025 |
| #12 | -0.22% Jul 14, 2025 - Jul 16, 2025 | -1.25% Jun 4, 2026 - Jun 10, 2026 |
| #13 | -0.20% May 14, 2025 - May 22, 2025 | -1.02% Nov 11, 2024 - Nov 22, 2024 |
| #14 | -0.18% Jan 13, 2026 - Jan 15, 2026 | -0.95% Oct 29, 2024 - Nov 6, 2024 |
| #15 | -0.12% May 27, 2025 - May 30, 2025 | -0.92% Dec 28, 2023 - Jan 9, 2024 |
Correlation
Correlation between BFRZ and PHEQ is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2023 - 2026)
BFRZ vs PHEQ dividend yield comparison.
| Year | BFRZ | PHEQ |
|---|---|---|
| 2026 | 0.06% | 0.08% |
| 2025 | 0.20% | 1.19% |
| 2024 | 0.00% | 1.39% |
| 2023 | 0.00% | 1.73% |
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